Leases (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Supplemental Balance Sheet Information

The following table presents supplemental balance sheet information related to our financing and operating leases:

In thousands	As of September 30, 2024						As of December 31, 2023
	Operating Leases		Finance Leases		Total		Operating Leases		Finance Leases		Total
Right-of-use Assets	$	22,392	$	534	$	22,926	$	25,288	$	129	$	25,417
Liabilities
Current portion of lease liabilities	3,665		97		3,762		4,773		42		4,815
Long-term lease liabilities	21,114		355		21,469		23,687		4		23,691
Total Lease Liabilities	$	24,779	$	452	$	25,231	$	28,460	$	46	$	28,506

Components of Lease Expense

For the three and nine months ended September 30, 2024 and 2023, the components of lease expense were as follows:

	Three months ended September 30,				Nine months ended September 30,
In thousands	2024		2023		2024		2023
Operating lease cost	$	1,314	$	1,338	$	3,996	$	4,160
Finance lease cost:
Amortization of right-of-use assets	30		35		61		115
Interest on lease liabilities	9		2		17		6
Total Finance lease cost	39		37		78		121
Variable lease cost	412		537		1,443		1,525
Sublease income	(53)		(177)		(368)		(676)
Total lease cost, net	$	1,712	$	1,735	$	5,149	$	5,130

Other information related to leases was as follows:

In thousands	Nine Months Ended September 30, 2024			Nine Months Ended September 30, 2023
Supplemental Cash Flows Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	8,464		$	9,525
Operating cash flows from finance leases	15			6
Financing cash flows from finance leases	79			144
Weighted Average Remaining Lease term
Operating leases	6.6			5.6
Finance leases	4.5			1.3
Weighted Average Discount Rate
Operating leases	5.73		%	3.56		%
Finance leases	8.15		%	7.04		%

Maturities of Finance and Operating Lease Liabilities

The maturities of the Company’s finance and operating lease liabilities as of September 30, 2024 are as follows:

In thousands	Operating Leases		Finance Leases
Year Ending December 31,
Remainder of 2024	$	1,398	$	35
2025	4,656		120
2026	4,232		117
2027	4,198		117
2028	4,094		117
2029 and beyond	11,397		32
Total future minimum lease payments	29,975		538
Less: imputed interest	5,196		86
Total lease liabilities	$	24,779	$	452